Page 4 Advertisements Column 3

Wairarapa Daily Times, Volume 4, Issue 1198, 7 October 1882, Page 4

I) VOS P E 0 T U S X■; ;■ -.'.•■ 'oythb : -- ,; "- NEW WEST WANGANUI COAL COM- ;/ , PAN? LIMITED, ' West Wahoa,»oi Inlet, Nemos. To be registered under " Tho Joint Stodk Companies Act, 1860." ■ Capital: £30,000, in6oooshares of £5 each, to be increased when deemed advisable' to £50,000. Payments-Five shillings per share to bo paid on applioatiqu.jfivo ; shillings per share on allotment j fiud fivo shillings at intervals of not losb than one month after the registration of tbc Company. Provisional Dirkctory: Mr Andrew Young Mr John Plimmer Mr J. Barber •Mr J.' Sloan Mr R.Sloan Mr F. G. Moore MrJ. H. Wallace ' Mr James Hughes. Mr A, de B,Brandon Mr James Jttueaell With power to add to their number. Headquarters of tho Company to be a Wellington, Jankers: The National Bank of New Zealand. Solicitors i Messrs Brandon, Shaw, and Brandon, Secbetaby. {pro (em.): Brokers : Messrs Ledger and Hickson, Custom House Quay, Wellington. This property, lately known as tho" West Wanganui Coalfields," which it is proposed to transfer to the new Company, is held by the proprietors under two leases from tho Crown' of 320 acres each for ,10 years, at a I total rental of £32 per annum, and a royalty ' of 6d per ton, or one-fiftietli of the Coal raised. It is situated in tho West Wanganui Inlet, on the North-Weßt Coast of tho Middle Island, 100 miles from Nelson, IGO miles from Wellington, 10 miles South of Cape Farewell, and about 20 miles by road from Collingwood in Golden Bay. This inlet, or land-locked harbor, is the best on the West Coast, covering i distance of some 9 miles in length by H in breadth, and being acted upon bj the sea only is never subject to floods, while considering its contiguity to all the centres of population, it is calculated that screw steam colliers will be enabled to make from 8 to 10 trips per month.. The Coal is good for all-round pirposes, and is well-known in Wellington, \Y. Nelson, and other places, as tho clean ..it and best "household." The field presents tho greatest advantages for an economical working; tho Coal measuring on an average about 3ft Gin thick, is the easiest to work (on the '■ Longwall" system) for tho production of large Coal without slack or waste. The strata abovo tho Coal is soft, and shafts can be put down without the uso of powder. There is abundance or mining timber close at hand, and plenty of fresh water and other natural advantages, ybiph go far to increase the value of the mines. Tho present propriatfirj, in order to satisfy themselves that the Coal sjljmde'd over a , large area, lately, at considerable expense, put down several bore holes, which were attended with thorough satisfactory rcsultß, and it is estimated that the property will yield 2£ million tons of Coal, or about 00 tons per day for 30 years. It is r stjmaigd sat when the surface works are .constructed, pd the Mine opened out that 2000 tons of fioa} pau bp rjjsed per 1 week, and put on boar,d ship aj a .cost of 7s per ton, and sold at from 13s to 1.5 a per ton, leaving a profit of say 6s per ton, or op 2.QUO tons £OOO per week, The contiguity of the Mine to the propossd staithe, and to the cutrnnco of tho Inlet, greatly enhances its.valuo, as vessels will be enabled to load and put to sea with des- '' patch. The statistics of 1881 show the increasing demand in New Zealand for coal, and the .inability of our colleries to meet the same; although in that year 80,000 tons more were 1 raised than in the previous year, the imports from Australia were also greater during tho ' Bame period, and it is said by those com* potent to judge, that if all the Coal Mines at work and projected in Now Zealaud were properly developod, there would still be a steady and increasing demand, ; Operations can be commenced, and the Mine opene,dout, and Coal put in the mar- \ iet without copsjderßJble expense, The sur- [ face works will be extended a'p tha put-put r , increases, It is therefore proposed that the Company shall proceed to work the mine as soon as 1000 shares (irrespeotiveof promotere shares) have been subscribed for.

The estimates given below, ate for the full completion of the works.. The proprietors will reserve to themselves 1300 paid-up shares for expenses incurred pioviDg tho lease aud for their interest in the Mine, These shares will not bo transferable until a dividend shall be paid on the [ subscribed capital. Over 300 snares have already been taken up by the present proprietors. Tne'origjni}! report and estimates made by Mr Jatneia'puasel}; Mining Engineer (who also carried out the nrospectfng workoj, may be seen at the offices of Messrs Ledger "a' nd Hickson, Custom Hou&o Quay, Wellington. ESTIMATED COST OF WOEKB. 150 chains of a level tramway for horse haulage £4OOO 0 0 Staiths to hold HOO tons ot coal ,„ .„ 2200 0 0 Rolling-stock (tubs to hold lOcwt) 300 O 0 Opening out mine 1200 0 0 Machinery for winding and pumpin?, incjudint; boilers, foundations,#o •,,, ' ~, 3000 0 0 Workmen's houses ,„ '.'.'. (SO, jO 0 Contingenciea 1200,0 0 Total £12,500 0 0 VYAIPOUA WOOLWORKS & TANNERY HARVEY& SONS, PROPRIETORS MASTEETON. PURCHASERS OF WOOL, HIDES, SHEEPSpS, &o. -S3" Wool Scoured and .Carefully Classed at tho Works and delivered at Railway Station at LOWEST CURRENT RATES. ON SALE. KIP, BASILS, WOOLBALES. HARNESS LEATHER, WOOL MATS. Rabbit skin and Sheop skin MATS manufactured to order. MASTERTON AGENTS-RAPP & HARE. Immediate ja&jiion given to all orders. 1119

U S T L. A » P P D 100 oases American Chairs 1 hhd. Cut Glass • Bass & Co's India Pale Ale bottled by Ihlcrs & Bell Guinness' Foreign Extra Stout, bottled by Ihlers & Bell To arrive per "BEECHDALE" 500 boxes B.E, Candles 2 bhd 0. W. Gold Tea Cups and Saucers •' ' ' lbhdsC.W. Gold Plates % H, MILL WARD, ;• ' Grey-Street. WELLINGTON. 117 H irjUWfIOTBD LIVEBY AND BAIT \j BTJBLES. ?. COOKEM & CO., Proprietors loaches; horses, buggies, always on hire, Horses to buyand to sell on themosi'r/ss.on' (blfl'termfl.'' ••'■ /• • Alwa.ss ready to do business. OYBTEBSI OYSTERS 11 OYSTERS I! | Fresh Fisb, : Poultry, and every kind of Hot' Meals at- all hours,; at One Shilling. •M.KS PBIWTER'S DINING BOOMS, (opposite'' Papp' "and Hare's Emporium), . .-• . '• ,JJ,AB'yjs»i(iH,.-•;,,. : -„ MBS. P. is a Cash Fdrehaaer fit Poultiy. Eg'gßj Buttef, 'Babbits, W,i &),;'' jhe public supplied daily with Fresh Fish, and Dressed Poultry. - l '■'•■•'